The $45.2 billion Minnesota State Board of Investment allocated $100 million each to three managers at its board meeting earlier this month.

The plan invested $100 million in a distressed debt fund managed by Wayzata Investment Partners, $100 million in a secondary interest fund run by Lexington Capital and $100 million in a leveraged-buyout fund handled by Welsh, Carson, Anderson & Stowe, said Howard Bicker, executive director of the plan.

Editor's Note

In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…